ZCZC
BSS-06
PM-BSEC-FUNCTION 2 LAST DHAKA
Advising the investors to invest in stock market cautiously, Sheikh Hasina
said the government does not want anybody be affected by making investment in
the capital market.
“I would like to tell the investors to invest in the companies by collecting
their information and knowing about them well and in detail … You’ve to
know where you are going to make investment and what is its future and you’ll
have to remain careful about this,” she said.
“Don’t fall to excessive greed … not being influenced by anybody, you’ll
have to take step in this regard. Then nobody will be affected,” she added.
For flourishing the stock market, the premier said, the BSEC will have to
continue and make more dynamic the trend that they are maintaining in both
roles — regulator and cooperator.
The prime minister said the government has taken various steps to build a
stable, transparent and accountable stock market.
She said good governance of the stock market has been ensured with infusing
dynamism into it through demutualisation, while steps have been taken to
ensure good governance of the listed companies.
Sheikh Hasina said proper regulatory system has been enforced to check
manipulation and irregularities in share transactions and the successful
implementation process of the incentive package framed for the investors is
underway.
“We’ve launched the work of the special tribunals for speedy disposing of the
stock market-related cases and formed the Financial Reporting Council to
examine the transparency and trustworthiness of the financial report,” she
said.
The prime minister said a scope for making investment in the venture capital
and private equity through the BSEC (alternative investment) Rules-2015 has
been created. “As a result, different small and medium industries including
ICT are attracting local and foreign
investment,” she said.
Sheikh Hasina said due to strides of the government, the BSEC got the honour
of “A” category regulatory body. “Foreign investment has been raised
significantly, while the interest of India, China and other countries in our
market has been increased,” she said.
The premier said the Securities and Exchange Board of India and Bangladesh
Securities and Exchange Commission have signed a memorandum of understanding
(MoU).
She noted that Chinese consortium has already been included in Dhaka Stock
Exchange as a ‘strategic investor’.
With this inclusion, she said, the investors, stakeholders and all concerned
will be benefitted along with increasing depth of the capital market.
The prime minister said Bangladesh’s stock market is being considered as
fast growing and potential sector and “for this I thank all concerned
including the regulatory body, stock exchange and the investors.”
Sheikh Hasina said her government has already constructed BSEC’s own
building and make designation/status and salary-allowances as well other
facilities of the officials of the commission equivalent to Bangladesh Bank.
“We’re taking necessary measures for increasing the manpower of the
commission,” she said.
Highlighting her government’s tremendous success in different sectors,
Sheikh Hasina said the government has been working relentlessly to change the
lot of the people following the ideology of the Father of the Nation.
The premier reiterated her determination to build a middle income country by
2021 and a developed and prosperous Bangladesh by 2041.
“We’ve also framed the Delta Plan-2100 considering the future of the next
generations,” she said.
In his speech, the finance minister said the government now could feel
satisfaction as the country’s capital market is truly well-established. “Its
advancement couldn’t be thwarted in any way,” he said.
Muhith said Bangladesh’s capital market got recognition and its position has
been enhanced in the world.
“We will continue the existing commission for the next two years and we hope
when its tenure will expire, a true security market will be established in
the country and we could feel proud of it,” he said.
BSS/SH/GMR/1250 hrs